Woodward, Inc.Common Stock (WWD) Releases FY19 Earnings Guidance

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Woodward, Inc.Common Stock (NASDAQ:WWD) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.40-$4.70 for the period, compared to the Thomson Reuters consensus estimate of $4.49. The company issued revenue guidance of $2.65-$2.80 billion, compared to the consensus revenue estimate of $2.65 billion.

Woodward, Inc.Common Stock stock traded up $0.46 during trading hours on Wednesday, reaching $78.57. 362,200 shares of the company’s stock traded hands, compared to its average volume of 357,243. The company has a current ratio of 2.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. Woodward, Inc.Common Stock has a fifty-two week low of $68.56 and a fifty-two week high of $89.30. The company has a market cap of $4.75 billion, a PE ratio of 24.86, a PEG ratio of 1.38 and a beta of 1.32.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.1425 per share. The ex-dividend date is Friday, November 9th. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.73%. Woodward, Inc.Common Stock’s dividend payout ratio is presently 18.04%.

A number of analysts have recently commented on WWD shares. ValuEngine cut Woodward, Inc.Common Stock from a buy rating to a hold rating in a research note on Friday, August 3rd. Zacks Investment Research raised Woodward, Inc.Common Stock from a sell rating to a hold rating in a research note on Friday, October 5th. Wood & Company reaffirmed a buy rating and issued a $99.00 price target on shares of Woodward, Inc.Common Stock in a research note on Wednesday, September 26th. BidaskClub cut Woodward, Inc.Common Stock from a buy rating to a hold rating in a research note on Friday, September 7th. Finally, Barrington Research reaffirmed a hold rating on shares of Woodward, Inc.Common Stock in a research note on Friday, July 13th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $82.43.

In related news, insider Chad Robert Preiss sold 4,812 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $80.79, for a total transaction of $388,761.48. Following the completion of the sale, the insider now directly owns 21,812 shares of the company’s stock, valued at approximately $1,762,191.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary L. Petrovich sold 3,800 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $79.78, for a total value of $303,164.00. Following the sale, the director now directly owns 25,326 shares of the company’s stock, valued at $2,020,508.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,612 shares of company stock valued at $2,766,704. 6.17% of the stock is currently owned by company insiders.

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About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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Earnings History and Estimates for Woodward, Inc.Common Stock (NASDAQ:WWD)

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